I was working on cost of production budgets for 2013 beans and with higher land costs it looks like some guys are going to have a $12 breakeven using an APH yield (scary!). Not surprising, higher rents are the primary culprit.

I've asked a bunch of guys, representing about 80k acres, about their rotations for next year. Their plan was to increase their corn acres by 15% with 10% coming from beans and 5% coming from spring wheat.

This Nov '13 bean/Dec '13 corn spread will be very interesting to watch.